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MIND C.T.I. Ltd Income Statement 2025-2008 | MNDO
Brief overview of financial results at MIND C.T.I. Ltd
The overview follows changes across a five-year period. MIND C.T.I. Ltd reported revenue of $23.4 million in 2020 and $19.5 million by 2025. Across the full period, sales moved by −16.8%; the average annual rate was −3.6%. Revenue ended the period on a sustained downward trend.
At the gross-profit level, the result moved from $12.2 million to $9.9 million, a change of −18.8%. Revenue and direct costs changed at similar rates. The gross margin was 52.3% at the start and 51% at the end. The economics of the core business remained steady.
The five-year EBITDA result moved by −58.4%: from $5.7 million to $2.4 million. EBITDA underperformed the top-line trend. At the operating-margin level, the figure shifted from 24.2% to 12.1%. A lower EBITDA share weakens the quality of the result.
Net profit was $5.4 million at the start and $2.6 million at the end. The business generated less net income by the end of the period.
The market value of the business moved from 44.8 million dollars to 23.7 million dollars, or −47%. The decline in value indicates softer investor confidence.
Financial takeaway
The financial trajectory is weak and requires a cautious interpretation. The main areas of concern are weaker operating efficiency, a lower gross margin and a weaker final result. Further direction will depend on top-line growth, operating profitability, and net income.
Annual Income Statement MIND C.T.I. Ltd
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap |
23.7 M | 36.5 M | 38.3 M | 38.4 M | 60.6 M | 44.8 M | 41.6 M | 34.4 M | 34.7 M | 49.6 M | 45.3 M | 64.8 M | 39.4 M | 40.3 M | 45.2 M | 40.6 M | 21.5 M | - |
Shares |
20.5 M | 20.3 M | 20.2 M | 20.1 M | 20 M | 19.9 M | 19.7 M | 19.3 M | 19.3 M | 19.2 M | 19.2 M | 18.9 M | 18.9 M | 18.8 M | 18.7 M | 18.5 M | 19 M | - |
Historical Prices |
1.16 | 1.8 | 1.9 | 1.91 | 3.03 | 2.25 | 2.11 | 1.78 | 1.8 | 1.48 | 1.2 | 1.6 | 0.885 | 0.795 | 0.822 | 2.2 | 1.13 | 1.17 |
Net Income |
2.6 M | 4.63 M | 5.17 M | 5.29 M | 5.95 M | 5.38 M | 5.06 M | 5.13 M | 5.61 M | 4.2 M | 5.02 M | 5.48 M | 2.18 M | 4.28 M | 4.29 M | 4.86 M | 19.8 M | - |
Revenue |
19.5 M | 21.4 M | 21.6 M | 21.6 M | 26.3 M | 23.4 M | 22.7 M | 18.1 M | 18.1 M | 18.1 M | 20.9 M | 25 M | 18.5 M | 20.2 M | 18.9 M | 19.9 M | 17.6 M | - |
Cost of Revenue |
9.54 M | 10.7 M | 10.7 M | 10 M | 12.4 M | 11.2 M | 10.1 M | 6.15 M | 7.03 M | 6.83 M | 8.63 M | 9.95 M | 7.87 M | 7.85 M | 6.48 M | 6.17 M | 6.41 M | - |
Gross Profit |
9.92 M | 10.7 M | 10.9 M | 11.5 M | 13.9 M | 12.2 M | 12.5 M | 12 M | 11 M | 11.2 M | 12.3 M | 15.1 M | 10.6 M | 12.4 M | 12.4 M | 13.7 M | 11.2 M | - |
Operating Income |
2.09 M | 4.38 M | 4.75 M | 5.52 M | 6.83 M | 5.46 M | 5.04 M | 5.35 M | 4.69 M | 5.21 M | 6.42 M | 7.46 M | 2.16 M | 4.37 M | 3.94 M | 5 M | 2.17 M | - |
Interest Expense |
681 K | 587 K | 777 K | 60 K | 55 K | 379 K | 483 K | 222 K | 630 K | 166 K | -114 K | -306 K | 163 K | 298 K | 171 K | 49 K | 256 K | - |
EBITDA |
2.36 M | 4.56 M | 4.94 M | 5.72 M | 7.02 M | 5.66 M | 5.19 M | 5.43 M | 4.79 M | 5.22 M | 6.44 M | 7.48 M | 2.18 M | 4.64 M | 4.23 M | 5.58 M | 2.95 M | - |
Operating Expenses |
7.84 M | 6.36 M | 6.12 M | 5.98 M | 7.05 M | 6.76 M | 7.5 M | 6.64 M | 6.34 M | 6.02 M | 5.88 M | 7.61 M | 8.45 M | 7.98 M | 8.5 M | - | - | - |
General and Administrative Expenses |
2.32 M | 1.68 M | 1.42 M | 35 K | 1.6 M | 30 K | 2.09 M | 1.62 M | 1.68 M | 1.62 M | 1.5 M | 2.88 M | 1.7 M | 1.82 M | 1.83 M | 1.56 M | 2.32 M | - |
All numbers in USD currency
Quarterly Income Statement MIND C.T.I. Ltd
| 2025-Q4 | 2024-Q4 | 2023-Q4 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | 2010-Q4 | 2009-Q4 | 2008-Q4 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Shares |
20.5 M | 20.3 M | 20.2 M | - | - | - | - | 20.1 M | - | - | - | 20 M | - | - | - | 19.9 M | - | - | - | 19.4 M | - | - | - | 19.3 M | - | - | - | 19.3 M | - | - | - | 19.2 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 18.5 M | 19 M | - |
Net Income |
2.6 M | 4.63 M | 5.17 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 4.86 M | 19.8 M | - |
Revenue |
19.5 M | 21.4 M | 21.6 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 19.9 M | 17.6 M | - |
Cost of Revenue |
9.54 M | 10.7 M | 10.7 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 6.17 M | 6.41 M | - |
Gross Profit |
9.92 M | 10.7 M | 10.9 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 13.7 M | 11.2 M | - |
Operating Income |
2.09 M | 4.38 M | 4.75 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 5 M | 2.17 M | - |
Interest Expense |
681 K | 587 K | 777 K | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 49 K | 256 K | - |
EBITDA |
2.36 M | 4.56 M | 4.94 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 5.58 M | 2.95 M | - |
Operating Expenses |
7.84 M | 6.36 M | 6.12 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
General and Administrative Expenses |
2.32 M | 1.68 M | 1.42 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.56 M | 2.32 M | - |
All numbers in USD currency
The income statement is one of the three key financial reports of a company MIND C.T.I. Ltd (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:
- How much revenue the company earned
- How much it spent on production, personnel, marketing, taxes, etc.
- What profit remained in the end
Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.
Features- The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
- Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
- A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.
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